These fake rallies will end in tears
by[Editor’s note: This article also appears on Detlev Schlichter’s blog here. It is reproduced with kind permission and should NOT be taken to be investment advice.]…
Banking
Paul Volcker’s Call For A ‘New Bretton Woods’ Is Important
bySeth Lipsky, the editor of the storied New York Sun (a brand distinguished by the long residency of Henry Hazlitt), recently, in the Wall Street Journal, brought…
Whatever happened to the rate of interest?
byAccording to the French historian Fernand Braudel, to understand the present we should master the whole of world history. The same may be said…
Paper Money Collapse 2nd edition teaser
byOne of the interesting things that happened at the End of the World Club on Monday evening, was a teaser of what’s new about…
Are economic sanctions behind a possible recession in Russia?
byAccording to commentators, sanctions imposed by the US and the European Union are pushing Russia towards a recession. However, we hold that some key…
Do we have easy money?
byThis week marked the fifth anniversary of the 0.5% Bank of England base rate and the Bank of England’s Quantitative Easing program which has…
The success of “credit easing” on its own terms
byToday, the Telegraph reports, UK house price growth ‘approaching madness’: The speed UK property prices are rising at is “approaching madness”, analysts have warned, after…
Sound money for Europe
byYou can be sure that most of my colleagues in the European Parliament do not embrace the concept of the free market. Day after…
2 days, 2 weeks, 2 months: A proposal for sound money
byIn light of recent events, we’re bringing forward this proposal from June 2010. There’s two ways to view the financial meltdown that occurred in…
Intervening in bankers’ pay
byI attended a lecture recently given by Dr. John Thanassoulis from Oxford University. His objective in this lecture was to explore the question of…